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comment by aeromill
aeromill  ·  3382 days ago  ·  link  ·    ·  parent  ·  post: Stocks Off Sharply as Market Upheaval Grows

The stock market isn't an indicator of the economy.





user-inactivated  ·  3382 days ago  ·  link  ·  

Not precisely so, you're right. There are things like this, however: https://en.wikipedia.org/wiki/Wall_Street_Crash_of_1929

aeromill  ·  3381 days ago  ·  link  ·  

The crash of 1929 wasn't what caused the Depression. It was a result of multiple other factors. The very fact that stock prices don't correlate with economic performance throughout history should be indication enough of this.